Economy

South Korea inks $2 billion agreement with Philippines to boost infrastructure projects in developing nations 
Economy

South Korea inks $2 billion agreement with Philippines to boost infrastructure projects in developing nations 

The deal stipulates that Korea will allocate $905 million from the fund for the construction of the initial segment of the Laguna Lake Road Network 

South Korea’s foreign reserves up for third month to $419.97 billion in September 2024
Asia

South Korea’s foreign reserves up for third month to $419.97 billion in September 2024

The BOK attributed the rise to higher non-dollar asset values, driven by a weaker U.S. dollar and investment gains 

U.K. International Investment Summit to boost global trade, investment ties
Economy

U.K. International Investment Summit to boost global trade, investment ties

Summit to feature senior executives from leading tech companies

South Korea’s inflation slows to 3.5 year low of 1.6 percent in September
Asia

South Korea’s inflation slows to 3.5 year low of 1.6 percent in September

September's figure marked the lowest inflation level since February 2021 when consumer prices grew 1.4 percent

Japan’s unemployment rate drops to 2.5 percent in August as employment reaches record levels of 67.91 million
Asia

Japan’s unemployment rate drops to 2.5 percent in August as employment reaches record levels of 67.91 million

The number of unemployed persons fell by 8.0 percent to 1.72 million 

U.S. job openings rise to 8 million in August, signaling labor market recovery
Economy

U.S. job openings rise to 8 million in August, signaling labor market recovery

Layoffs declined in August to 1.6 million from 1.7 million in July

China’s external financial assets surpass $9.79 trillion by end of June
Asia

China’s external financial assets surpass $9.79 trillion by end of June

Financial liabilities exceeded $6.8 trillion at the same date, resulting in net external assets of nearly $2.99 trillion 

Japan’s manufacturing sector deteriorates slightly in September on weaker demand, says PMI
Asia

Japan’s manufacturing sector deteriorates slightly in September on weaker demand, says PMI

Japan's manufacturing PMI declined from 49.8 in August to 49.7 in September, indicating a slight slip in overall operating conditions

Policy will move over time toward a more neutral stance: Fed’s Powell
Banking & Finance

Policy will move over time toward a more neutral stance: Fed’s Powell

In the last 12 months, headline and core inflation in the U.S. were 2.2 percent and 2.7 percent, respectively

South Korea, China, and Japan unite to tackle plastic pollution
Asia

South Korea, China, and Japan unite to tackle plastic pollution

The three countries agreed to strengthen cooperation in reducing yellow dust levels, particularly in collaboration with Mongolia 

China’s international trade reaches $585.2 billion in August, 4 percent YoY growth
Asia

China’s international trade reaches $585.2 billion in August, 4 percent YoY growth

The nation's exports of goods and services totaled $322.4 billion, while imports were recorded at $263.5 billion

Swiss National Bank lowers interest rate to 1.0 percent as inflation falls
Banking & Finance

Swiss National Bank lowers interest rate to 1.0 percent as inflation falls

Inflation fell to 1.1 percent in August from 1.4 percent in May, partly due to a stronger Swiss franc 

Global economic growth to stabilize at 3.2 percent this year, says OECD
Economy

Global economic growth to stabilize at 3.2 percent this year, says OECD

Headline inflation in the G20 economies to ease to 5.4 percent in 2024 and 3.3 percent in 2025

South Korea’s foreign currency deposits rise to $100.41 billion, up $5.97 billion in August 2024 
Asia

South Korea’s foreign currency deposits rise to $100.41 billion, up $5.97 billion in August 2024 

This marks an increase of $5.97 billion from the prior month

U.S. home prices rise slightly in July 2024 amid slowing momentum, improving supply conditions
Economy

U.S. home prices rise slightly in July 2024 amid slowing momentum, improving supply conditions

Mortgage rates drop to 4.75 percent to 5.00 percent range as housing affordability improves

South Korea’s public account deficit narrows to $34.8 billion in 2023
Asia

South Korea’s public account deficit narrows to $34.8 billion in 2023

South Korea's public account logged a deficit for the fourth straight year due to economic uncertainties

U.S. fiscal profile expected to deteriorate under incoming administration, says Moody’s
Banking & Finance

U.S. fiscal profile expected to deteriorate under incoming administration, says Moody’s

The report stated that the new administration will face a worsening fiscal landscape as debt affordability declines

U.S. consumer confidence falls to 98.7 amid labor fears, largest drop since August 2021 
Economy

U.S. consumer confidence falls to 98.7 amid labor fears, largest drop since August 2021 

Despite sharp decline in index, more households expressed intentions to purchase homes in the next six months

Services drive robust U.S. economic expansion in September, price pressures upturn: PMI
Economy

Services drive robust U.S. economic expansion in September, price pressures upturn: PMI

Prices rose at the fastest rate in six months due to input cost growth accelerating to a one-year high

Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992
Asia

Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992

This trend is attributed to heightened foreign investment spurred by the weak yen 

South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management
Asia

South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management

The two entities pledged to identify innovative projects in space life sciences and deep space antennas

U.K. public sector net debt reaches 100 percent of GDP in August, borrowing hits $18.24 billion
Economy

U.K. public sector net debt reaches 100 percent of GDP in August, borrowing hits $18.24 billion

The central government's total expenditure was £90.5 billion in August 2024, £6.1 billion more than in August 2023

U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge
Economy

U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge

This deficit reached 3.7 percent of GDP, the highest since Q2 2022, up from 3.4 percent in Q1

U.S. unemployment claims drop to four-month low in September, signaling economic strength amid rate cuts
Economy

U.S. unemployment claims drop to four-month low in September, signaling economic strength amid rate cuts

Initial claims fell by 12,000 to 219,000 for the week ending September 14Â